Skip to content
Subscriber Only

U.S., South Korea Agree on Revisions in Trade Accord

The U.S. and South Korea agreed to change automobile provisions in a pending free-trade deal, gaining the support of Ford Motor Co. and lawmakers in both parties for the stalled accord.

Both nations will scale back initial tariff cuts for cars, and South Korea said it would allow more imports of U.S.-made vehicles that meet American standards and not Korean rules. The U.S. will maintain a 25 percent tariff on truck imports for eight years instead of beginning to phase it out immediately.